Print Listing Details for 516 Rush St

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516 Rush St Raleigh, NC 27610
Listing # 10047058

• $2,500,000
• 3 Bedrooms, 2 Baths, 729 Sq. Ft.

Discover an exceptional investment opportunity with three contiguous lots on Rush and Marion Streets, offering both immediate income and significant growth potential. 516 Rush St. is a three-bedroom property currently operating as a weekly rental. Zoned RX-3, with potential for a 3-story building with some commercial use. Adjacent to it is a newly constructed 10-room, 10-bath duplex on Marion St., slated for completion in December 2024, with projected monthly income of $6,500.00 - $7,000.00. Together, the three parcels span approximately 1.67 acres. Located near the growing Garner and CrossLink Roads corridor and the popular Crosstowne Subdivision, this property is perfectly positioned for future appreciation. For more details, refer to MLS listing #10047059 / 2806 Marion. Owner financing is available.

Bathrooms

• 2 Full Baths

• *Approximate Payments: $12,162
• Price / Sq. Ft: $3,429
• Days On Market: 136
• Year Built: 1952

• Address: 516 Rush St
• City: Raleigh
• Zip Code: 27610
• County: Wake
• Subdivision: Home Acres

• Elementary School: Wake - Smith
• Middle School: Wake - North Garner
• High School: Wake - Middle Creek

• # Fireplaces: 0
• Flooring: Hardwood,Linoleum

• Parking: Additional Parking

• Structure: Site Built
• Construction Materials: Concrete
• Roof: Shingle
• Foundation: Block

• Property Type: Single Family Residence
• Style: Bungalow
• Levels: One
• New Construction: No

• Lot: Corner Lot
• Lot Size Acres: 0.49

• Heating: Electric,Forced Air
• Cooling: Heat Pump
• Water Source: Public
• Sewer: Public Sewer

• Total HOA Dues: $0.00
• Annual Taxes: $1,565.00

• Listing Office: Compass -- Raleigh
• List Status: Active